The New Venture Competition runs in a bracket, or knockout format. Teams advance through two preliminary round. Following elimination rounds, four teams compete against each other for the grand prize. One grand prize of $15,000 along with additional cash prizes will be awarded during the Networking and Awards Reception. Top four have opportunity for further investment up to $25,000 from the Husker Venture Fund

Required documents: Registered teams are required to present an executive summary prior to the last day of registration. Business Plans are not a requirement but are strongly recommended for teams that want to be competitive. *Neither are required as part of the registration process.